TRADING INSIDE THE RANGE

TRADING INSIDE THE RANGE

  • Monthly Range Overview
    • Determine Monthly Range Market Structure
    • Identify Monthly Range Swings/Turning Points
    • Highlight Key S&R Levels
    • Trade in Direction of the Primary
  • Weekly Range Overview
    • Determine Weekly Range Market Structure
    • Identify Weekly Range Swings/Turning Points
    • Highlight Key S&R Levels
    • Trade in Direction of the Primary
    • Look for New OTE Reversals - Anticipate
  • Daily Range Overview
    • Determine Current Range Market Structure
    • Identify Daily Range Swings/Turning Points
    • Highlight Key S&R Levels Monthly - Weekly
    • Trade in Direction of the Swing Point
    • Look for New OTE Reversals - Anticipate
  • Asian Range
    • Note the Initial Range High & Low
    • Narrow Focus to Higher Market Trend
    • Note Key S&R Levels Old Highs & Lows
    • Trade the Direction of Daily Swing Point
    • Anticipate London Stop Rade - Fade It!
  • ADR (Average Daily Range)
    • Align Trade Expectation to 5-Day ADR
    • Once Trade Entry - Stalk ADR Objectives
    • Blend Time of Day & Price Theory
    • Anticipate Profit Objectives Near ADR
    • Expect 15:00 - 16:00 GMT and ADR Convergences & Other Technicals to Confirm Profit Taking Objectives
  • Entry Concept
    • Focus on Optimal Setups
    • Apply Power of Three & Range Expansion
    • If Bullish, anticipate Banks to SELL first
    • If Bearish, anticipate Banks to Rally up first
    • Explain the Raids of Old Swings & Expect Patterns to Form to Confirm Entries (High Probability Trading Patterns Video)
  • Profit Objective
    • If ADR is 100 pips, take profit at 80 pips
    • Always look to Scale Out of Trades
    • ADR does NOT have to be fulfilled
    • Develop Professional Mindset in Targeting (Preservation of Capital is goal #`1)
    • Leave Greed out of the Process
  • Professional Order Placement
    • Try Keeping Entry & Exit to Limit Orders
    • Market Orders are Last Ditch Protection
    • Do Not try to get the best Entry Price
    • Do Not try to exit at the very High or Low
    • Always Factor the Spread Plus 2-3 pips